Realterm bags DHL as 1st tenant for its logistics park

10 Dec 2012 Editorial Team

DHL, a global logistics and express shipper, will be the first tenant in IndoSpace Chakan, 100-acre industrial and logistics park in Pune that was developed at a cost of Rs 400 crore by Realterm Everstone Development Management, according to a top company executive.

Realterm Everstone Development Management is a joint venture between North America-based industrial real estate developer Realterm Global and private equity firm Everstone Capital, and the company plans to have the Pune-based Park entirely operational by end-2013.

The project will develop about 1.7 million square feet, Brian Oravec, Managing Partner at Realterm Everstone said. Realterm Everstone projects are typically spread across 100 and 150 acres of land, encompassing between 1.5 and 2.5 million square feet, and with an average development cost of about Rs 400 crore, according to Oravec.

The company expects to have an additional eight or nine industrial and logistics parks operational in a phased manner by the end of the next calendar year. It is currently developing 11 projects spread across Chennai, Pune and Delhi, among others. ""Our view is that there is a significant demand for modern, organised real estate space, and there is much more demand than supply, which we expect to continue in the foreseeable future," Oravec said.

Everstone Capital, which manages assets of about $1 billion in India, is a prominent participant in the Indian realty market, having invested in residential, retail and commercial real estate.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..